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Tuesday, June 21, 2011

Greek Streets 'Explosive' as PM Faces Confidence Vote - CNBC

Greek Streets 'Explosive' as PM Faces Confidence Vote - CNBC: "Pressures to avoid bankruptcy intensified as rating agency Fitch said it would consider a voluntary rollover of Greek bond maturities – something European officials have been hoping to achieve – as a default and would cut the country's rating.

The new Greek government faces a vote of confidence on Tuesday night, with the outcome critical to the survival of the government, and to the disbursal of loans from the 'Troika' of the European Union (EU), International Monetary Fund (IMF) and European Central Bank (ECB)."

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